Eklund: The Salary Cap May Have to be Dropped due to New Economic Realities.

Simple solution: Get rid of the hard cap, and introduce a soft cap w a tax paid for going over a certain amount. That tax revenue could help make up for the difference in currency valuation, and the players can still have their contracts honored.

Funny how even though sports and politics are best kept apart, it never really is. And EK, you stepped in it with the tariff blog a week or two ago. None of really know all the details, or fairness of trade agreements, so passing judgement isn’t a road id like to travel. What I do know is our country has 35 trillion in debt that every administration kicks down the road to the next one. Something has to give, and deal w the elephant in the room. Also, it will be painful.

Hopefully, a viable solution is around the corner, or there are going to be some teams with real cap issues.

I blame everyone but the guys in charge.

How about this

Canadian teams keep their "shared" revenues part in Canada and the same the US teams on their side of the border. Same applies to the US TV revenues and Canadian TV revenues, they stay on their respective side of the border.

You have a Canadian revenue sharing program and a US revenue sharing program.

Symba is right about his revenue sharing idea.

Wait, while I reload the FAFO cannon...

How about this

Canadian teams keep their "shared" revenues part in Canada and the same the US teams on their side of the border. Same applies to the US TV revenues and Canadian TV revenues, they stay on their respective side of the border.

You have a Canadian revenue sharing program and a US revenue sharing program.
- Symba007

Pretty sure that would just even out to what we have now.

So the players in Canada get paid with that “Monopoly” money? Sounds good.👍🏻

Pretty sure that would just even out to what we have now.
- TurdFergeson

Until Bettman brings back Arizona and reopens the Revenue black hole

We like the Stanley cup here in America we’re going to…..keep it I think. In fact it will be called the Great hockey cup of the United States. We’re going to be doing some wonderful things here in America when it comes to hockey, some unbelievable things.

Simple solution: Get rid of the hard cap, and introduce a soft cap w a tax paid for going over a certain amount. That tax revenue could help make up for the difference in currency valuation, and the players can still have their contracts honored.

Funny how even though sports and politics are best kept apart, it never really is. And EK, you stepped in it with the tariff blog a week or two ago. None of really know all the details, or fairness of trade agreements, so passing judgement isn’t a road id like to travel. What I do know is our country has 35 trillion in debt that every administration kicks down the road to the next one. Something has to give, and deal w the elephant in the room. Also, it will be painful.

Hopefully, a viable solution is around the corner, or there are going to be some teams with real cap issues.
- Hokeeguy9

Simple as in getting the owners to go for a soft cap? Won’t bet on that.

Fairness is honouring not reneging on the NAFTA agreement he signed? The same puppet who is the only Pres in US history to run a deficit budget for a consecutive full 4 year term?

Simple as in getting the owners to go for a soft cap? Won’t bet on that.

Fairness is honouring not reneging on the NAFTA agreement he signed? The same puppet who is the only Pres in US history to run a deficit budget for a consecutive full 4 year term?
- Nighthawk

He's also the only US Prez to be a convicted felon.

How about this

Canadian teams keep their "shared" revenues part in Canada and the same the US teams on their side of the border. Same applies to the US TV revenues and Canadian TV revenues, they stay on their respective side of the border.

You have a Canadian revenue sharing program and a US revenue sharing program.
- Symba007

There's also the tax implications. There must be an arrangement where the salary cap also includes the tax differentials. It's why players are fleeing to states where there is no income tax and higher taxed area's like Canada, or New York State are at a disadvantage. Fix that and you get better parity.

This is not how the salary cap works

Simple as in getting the owners to go for a soft cap? Won’t bet on that.

Fairness is honouring not reneging on the NAFTA agreement he signed? The same puppet who is the only Pres in US history to run a deficit budget for a consecutive full 4 year term?
- Nighthawk

Pretty sure that Obama, Bush, and Biden did too. Canada has been using supply side quotas for decades. There is no competition within Canada for commodities like Milk, Wheat, etc. They have something called government mandated quota's that certain farmers have and other farmers are blocked from acquiring and can't get into the market. It also keeps those same items from coming from outside the country through ridiculous high tariffs. Around 300% for dairy products for an example. Another issue regarding tariffs is the devalued Canadian dollar. Canada's dollar is a Petro currency that rises and falls with the price of oil and natural gas. Canadian Liberal Government policies, in regards to pipelines and refining, have kept the dollar artificially low. Other countries can't compete with this, especially the U.S. When you can get people to manufacture items for 33% less, you are at a disadvantage. Even with a 25% tariff, it's still 8% cheaper to have Canadians produce it instead. Who loses? The Canadian worker. Don't expect it to change if the Liberals are re-elected. If they indeed win the election, Canada will be finished within 5 years when the Western provinces secede from Canada. Transfer payments from the West, to Central and Eastern Canada, the Quebec/Ontario/Maritimes perceived have-not provinces will be the reason that the West leaves Canada thanks to the WEF Liberal's being re-elected. Canada will not survive this.

Pretty sure that Obama, Bush, and Biden did too. Canada has been using supply side quotas for decades. There is no competition within Canada for commodities like Milk, Wheat, etc. They have something called government mandated quota's that certain farmers have and other farmers are blocked from acquiring and can't get into the market. It also keeps those same items from coming from outside the country through ridiculous high tariffs. Around 300% for dairy products for an example. Another issue regarding tariffs is the devalued Canadian dollar. Canada's dollar is a Petro currency that rises and falls with the price of oil and natural gas. Canadian Liberal Government policies, in regards to pipelines and refining, have kept the dollar artificially low. Other countries can't compete with this, especially the U.S. When you can get people to manufacture items for 33% less, you are at a disadvantage. Even with a 25% tariff, it's still 8% cheaper to have Canadians produce it instead. Who loses? The Canadian worker. Don't expect it to change if the Liberals are re-elected. If they indeed win the election, Canada will be finished within 5 years when the Western provinces secede from Canada. Transfer payments from the West, to Central and Eastern Canada, the Quebec/Ontario/Maritimes perceived have-not provinces will be the reason that the West leaves Canada thanks to the WEF Liberal's being re-elected. Canada will not survive this.
- PrinceLH

what a load of rubish, it doesn’t matter which party is in power in Canada, Harper was 2004-2015 and was just as incompetent as Trudeau. (frank) what a swallower you are. And American dairy is full of rBST and SCC, in short Canada cares more about their animals and humans than the US. And Canadian provinces are not seceding, in fact the best thing the wannabe dictator has done is disrespect Canada and the office of the PM. It has galvanized the great sovereign nation of Canada.

what a load of rubish, it doesn’t matter which party is in power in Canada, Harper was 2004-2015 and was just as incompetent as Trudeau. (frank) what a swallower you are. And American dairy is full of rBST and SCC, in short Canada cares more about their animals and humans than the US. And Canadian provinces are not seceding, in fact the best thing the wannabe dictator has done is disrespect Canada and the office of the PM. It has galvanized the great sovereign nation of Canada.
- Nuckerwhatever

I'm not sure where you're from, but there is a growing resentment from the West, because of transfer payments to the East. They're sick of paying for incompetence in Ontario, Quebec Sovereignty and the Welfare capitals in the Maritimes. They watch as Federal governments, who cater to the big eastern cities, take their wealth and distribute it to the eastern provinces. Instead of opening up the pipelines and sending Oil, Natural Gas and LNG, instead it sits in the ground. People like Warren Buffett own all of the tanker cars in Canada, shipping crude by rail, instead of by pipeline. There's a natural gas pipeline running from the West to Ontario that sits empty. It could be retrofitted for Oil, but no, Ottawa won't do that. There's a mothballed refinery in Mississauga where that Oil could be refined and sold to Canadians, instead of sending it to Texas for refining and sent back to Canada. No wonder Alberta and Saskatchewan are pissed. Not in my back yard says Ontario and Quebec, yet they want free money from the West. Fu-ck that! They're already starting a Separatist movement in the West and this could be the catalyst for the start of something that ends Confederation forever. Mark Carney is purely a World Economic Forum Puppet that moved his business' to New York, then decided to get installed as Prime Minister. Canadian's are either Naive or Stupid to let this transpire.

what a load of rubish, it doesn’t matter which party is in power in Canada, Harper was 2004-2015 and was just as incompetent as Trudeau. (frank) what a swallower you are. And American dairy is full of rBST and SCC, in short Canada cares more about their animals and humans than the US. And Canadian provinces are not seceding, in fact the best thing the wannabe dictator has done is disrespect Canada and the office of the PM. It has galvanized the great sovereign nation of Canada.
- Nuckerwhatever

Simple as in getting the owners to go for a soft cap? Won’t bet on that.

Fairness is honouring not reneging on the NAFTA agreement he signed? The same puppet who is the only Pres in US history to run a deficit budget for a consecutive full 4 year term?
- Nighthawk

Well, yeah I would bet on it. Owners love when the shackles are removed. Even the poor teams share in all those luxury taxes. Baseball seems to love it. Ya know what they say about doing the same thing over and over again…..

Also, if you’re going to bring in politics, prepare to get smoked. I deliberately avoid it here, but if pressed, I’d be glad to school you. I’m a macro economic planner for employment. I consider myself a centrist, so I can find merit in ideas. It’s the realities that break down good intentions. Let’s leave it that.

Pretty sure that Obama, Bush, and Biden did too. Canada has been using supply side quotas for decades. There is no competition within Canada for commodities like Milk, Wheat, etc. They have something called government mandated quota's that certain farmers have and other farmers are blocked from acquiring and can't get into the market. It also keeps those same items from coming from outside the country through ridiculous high tariffs. Around 300% for dairy products for an example. Another issue regarding tariffs is the devalued Canadian dollar. Canada's dollar is a Petro currency that rises and falls with the price of oil and natural gas. Canadian Liberal Government policies, in regards to pipelines and refining, have kept the dollar artificially low. Other countries can't compete with this, especially the U.S. When you can get people to manufacture items for 33% less, you are at a disadvantage. Even with a 25% tariff, it's still 8% cheaper to have Canadians produce it instead. Who loses? The Canadian worker. Don't expect it to change if the Liberals are re-elected. If they indeed win the election, Canada will be finished within 5 years when the Western provinces secede from Canada. Transfer payments from the West, to Central and Eastern Canada, the Quebec/Ontario/Maritimes perceived have-not provinces will be the reason that the West leaves Canada thanks to the WEF Liberal's being re-elected. Canada will not survive this.
- PrinceLH

Well said, and some great points!

Pretty sure that Obama, Bush, and Biden did too. Canada has been using supply side quotas for decades. There is no competition within Canada for commodities like Milk, Wheat, etc. They have something called government mandated quota's that certain farmers have and other farmers are blocked from acquiring and can't get into the market. It also keeps those same items from coming from outside the country through ridiculous high tariffs. Around 300% for dairy products for an example. Another issue regarding tariffs is the devalued Canadian dollar. Canada's dollar is a Petro currency that rises and falls with the price of oil and natural gas. Canadian Liberal Government policies, in regards to pipelines and refining, have kept the dollar artificially low. Other countries can't compete with this, especially the U.S. When you can get people to manufacture items for 33% less, you are at a disadvantage. Even with a 25% tariff, it's still 8% cheaper to have Canadians produce it instead. Who loses? The Canadian worker. Don't expect it to change if the Liberals are re-elected. If they indeed win the election, Canada will be finished within 5 years when the Western provinces secede from Canada. Transfer payments from the West, to Central and Eastern Canada, the Quebec/Ontario/Maritimes perceived have-not provinces will be the reason that the West leaves Canada thanks to the WEF Liberal's being re-elected. Canada will not survive this.
- PrinceLH

That’s a bit misleading on the 300% tariff on dairy. That only comes into play if the amount of dairy imports from the US exceeds the agreed amount, which it has never come close to exceeding.

Teams that sign these older players (28-30+) to these outrageous 7-8 year deals under the assumption that some metric (salary cap) is going up deserve everything they "sign" up for......Horrible way to management any business

Okay, now you've done it Ek. Now you've outed yourself for making up BS out of thin air. I've pretty much given you the benefit of the doubt all of these years while others bash you, but now you've completely fabricated something that you really have no idea what you're talking about.

You're trying to tell me that these owners, these ultra high net worth individuals that have the best advisors, best accountants and tax specialists managing their assets, are concerned about the markets? Complete and utter nonsense!

The SP500 is barely down -3.6% YTD, DJIA -1.3%, NASDAQ -7.9%. This after SP500 has averaged +16.7% since 2018! Notwithstanding the fact that these people do not invest in 100% equities, but have hedges and downside management strategies, lower fees, better advice, tax minimization strategies, and several other levers to pull, they simply do not concern themselves with the capital markets. ALSO, a great many owners concentrate mostly on their businesses, much of which is real estate, and therefore are not even invested more than 10% of their wealth the stock market.

Business owners in the USA are ecstatic about the new strategies of the US Gov't too. Jobs are coming back to the US, manufacturing is coming back to the US, taxes are going down in the US, and all of those legacy costs that have crippled US corporations and gov't are being drastically reduced. The US economy actually shows a little bit of light at the end of a long and deep tunnel it has dug itself.

The average person can watch tv and their phone and hate on Trump all they want as they're generally uninformed and do not consider the big picture and they're told to focus on all of the small things that really don't move the needle, but to say that the titans of US industry that own sports teams are not absolutely thrilled right now is absurd. They are happier than they've probably ever been, and they typically do not watch the stock market. They do not have the majority of their wealth in the markets and what they do have they hire people to manage it for them. It's managed conservatively and very risk aversely.

Your statements about owners and the NHL worried about the stock market is 2 things:
1. It's just wrong
2. It is rather obvious that this is something that YOU are experiencing, losing some wealth in the markets, and it has trickled into your blog.

I find this highly unprofessional and I'll just have to lean a little more into all of the other statements about you making things up. Because you've made this up.

Okay, now you've done it Ek. Now you've outed yourself for making up BS out of thin air. I've pretty much given you the benefit of the doubt all of these years while others bash you, but now you've completely fabricated something that you really have no idea what you're talking about.

You're trying to tell me that these owners, these ultra high net worth individuals that have the best advisors, best accountants and tax specialists managing their assets, are concerned about the markets? Complete and utter nonsense!

The SP500 is barely down -3.6% YTD, DJIA -1.3%, NASDAQ -7.9%. This after SP500 has averaged +16.7% since 2018! Notwithstanding the fact that these people do not invest in 100% equities, but have hedges and downside management strategies, lower fees, better advice, tax minimization strategies, and several other levers to pull, they simply do not concern themselves with the capital markets. ALSO, a great many owners concentrate mostly on their businesses, much of which is real estate, and therefore are not even invested more than 10% of their wealth the stock market.

Business owners in the USA are ecstatic about the new strategies of the US Gov't too. Jobs are coming back to the US, manufacturing is coming back to the US, taxes are going down in the US, and all of those legacy costs that have crippled US corporations and gov't are being drastically reduced. The US economy actually shows a little bit of light at the end of a long and deep tunnel it has dug itself.

The average person can watch tv and their phone and hate on Trump all they want as they're generally uninformed and do not consider the big picture and they're told to focus on all of the small things that really don't move the needle, but to say that the titans of US industry that own sports teams are not absolutely thrilled right now is absurd. They are happier than they've probably ever been, and they typically do not watch the stock market. They do not have the majority of their wealth in the markets and what they do have they hire people to manage it for them. It's managed conservatively and very risk aversely.

Your statements about owners and the NHL worried about the stock market is 2 things:
1. It's just wrong
2. It is rather obvious that this is something that YOU are experiencing, losing some wealth in the markets, and it has trickled into your blog.

I find this highly unprofessional and I'll just have to lean a little more into all of the other statements about you making things up. Because you've made this up.
- JLO961

Methamphetamine is a helluva drug.

If Canada wasn’t a bunch of Libtard Libbies, they wouldn’t crush their citizens with taxes and their dollar would mean something.